Comments on: Cancelled credit card? It could be a bonus… http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/ Our UK correspondents' insights Sat, 30 Aug 2008 12:17:03 +0000 http://wordpress.org/?v=2.3.3 By: Libby http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-590 Libby Wed, 06 Feb 2008 11:32:37 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-590 David The money in your account is earning them more while it is there than what they are paying you in interest. They are still making money out of you. David

The money in your account is earning them more while it is there than what they are paying you in interest. They are still making money out of you.

]]> By: DAVID http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-580 DAVID Tue, 05 Feb 2008 20:52:42 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-580 As an egg customer who prefers to keep a positive balance,to receive their interest,I am a little surprised they havnt droped me as a customer if they want unprofitable customers. As an egg customer who prefers to keep a positive balance,to receive their interest,I am a little surprised they havnt droped me as a customer if they want unprofitable customers.

]]> By: Libby http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-575 Libby Tue, 05 Feb 2008 15:25:43 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-575 It's definitely the customers who are using their credit cards to their advantage that are being dumped. If Egg told the truth and said that they were keeping the ones that max out and have to pay lots of interest then there would be uproar and allegation of them acting unethically/immorally. Share holders need their dividends and they don't get that from someone who pays off their bill in full each month. It’s definitely the customers who are using their credit cards to their advantage that are being dumped. If Egg told the truth and said that they were keeping the ones that max out and have to pay lots of interest then there would be uproar and allegation of them acting unethically/immorally. Share holders need their dividends and they don’t get that from someone who pays off their bill in full each month.

]]> By: Paul http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-569 Paul Tue, 05 Feb 2008 11:20:07 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-569 Perhaps it`s a good thing that lenders in general are being more cautious. If they`d been that way in the past many of the financial difficulties for both they and their customers might have been avoided. Perhaps it`s a good thing that lenders in general are being more cautious. If they`d been that way in the past many of the financial difficulties for both they and their customers might have been avoided.

]]> By: Mark http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-568 Mark Tue, 05 Feb 2008 11:05:41 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-568 There are some interesting comments on the BBC website regarding this story. To summarize, it appears that the customers who egg are dumping may not be the risky customers at all, but the unprofitable. There are some interesting comments on the BBC website regarding this story. To summarize, it appears that the customers who egg are dumping may not be the risky customers at all, but the unprofitable.

]]> By: Jerome Cirrincione http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-564 Jerome Cirrincione Tue, 05 Feb 2008 06:44:58 +0000 http://blogs.reuters.com/uknews/2008/02/04/cancelled-credit-card-it-could-be-a-bonus/#comment-564 Interesting article. More so because of the latest infusion of approx. 70 billion by the Fed to major U.S. banks. Not covered by the major netwwoks in the U.S.A., this is significant, because of other recent infusions to major banks in the billions of dollars indicate that the American banks don't have any ,,,,,,,,,money. Plenty of shaky mortgages, but cash on hand very little. Maybe the worst economic times on the horizon since the 1930's, thanks mortgage broker industry-good sites to keep in your back pocket....Natl Foundation Credit Counselors, non profit, www.nfcc.org www.answersfordebt.com web book. Interesting article. More so because of the latest infusion of approx. 70 billion by the Fed to major U.S. banks. Not covered by the major netwwoks in the U.S.A., this is significant, because of other recent infusions to major banks in the billions of dollars indicate that the American banks don’t have any ,,,,,,,,,money. Plenty of shaky mortgages, but cash on hand very little. Maybe the worst economic times on the horizon since the 1930’s, thanks mortgage broker industry-good sites to keep in your back pocket….Natl Foundation Credit Counselors, non profit, http://www.nfcc.org http://www.answersfordebt.com web book.

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